Delayed
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5-day change | 1st Jan Change | |
1,006.50 GBX | -1.32% | -1.32% | -1.32% |
Nov. 07 | Actual Experience appoints administrators | AN |
Oct. 10 | FTSE 100 has best day since November 2022 | AN |
Valuation
Fiscal Period : Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|---|
Capitalization 1 | 598 | 862 | 1 404 | 1 212 | 1 116 | 1 171 | - | - |
Enterprise Value (EV) 1 | 560 | 826 | 1 368 | 1 175 | 1 009 | 1 313 | 1 258 | 1 188 |
P/E ratio | 43,1x | 94,1x | 123x | 71,1x | 31,5x | 35,5x | 22,6x | 17,5x |
Yield | 0,70% | 0,63% | 0,47% | 0,64% | 0,90% | 0,95% | 1,11% | 1,20% |
Capitalization / Revenue | 4,38x | 5,65x | 8,31x | 5,48x | 4,32x | 3,40x | 2,74x | 2,55x |
EV / Revenue | 4,10x | 5,42x | 8,10x | 5,31x | 3,90x | 3,81x | 2,94x | 2,59x |
EV / EBITDA | 19,6x | 22,3x | 29,8x | 19,1x | 13,7x | 13,3x | 10,1x | 9,36x |
EV / FCF | 30,1x | 49,8x | 54,3x | 30,8x | 24,1x | 27,7x | 19,4x | 15,5x |
FCF Yield | 3,32% | 2,01% | 1,84% | 3,24% | 4,14% | 3,61% | 5,16% | 6,43% |
Price to Book | 5,52x | 7,75x | 12,3x | 9,60x | 5,54x | 4,61x | 3,69x | 3,96x |
Nbr of stocks (in thousands) | 105 083 | 107 725 | 110 746 | 110 702 | 115 028 | 114 816 | - | - |
Reference price 2 | 5,69 | 8,00 | 12,7 | 11,0 | 9,70 | 10,2 | 10,2 | 10,2 |
Announcement Date | 08.10.19 | 06.10.20 | 19.10.21 | 11.10.22 | 10.10.23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
Fiscal Period : July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|---|
Net sales 1 | 136 | 152 | 169 | 221 | 258 | 344 | 428 | 458 |
EBITDA 1 | 28,6 | 37,1 | 45,9 | 61,6 | 73,6 | 98,5 | 125 | 127 |
EBIT 1 | 18,3 | 21,8 | 25,5 | 36,3 | 48,3 | 69,5 | 92,2 | 103 |
Operating Margin | 13,4% | 14,3% | 15,1% | 16,4% | 18,7% | 20,2% | 21,6% | 22,6% |
Earnings before Tax (EBT) 1 | 19,5 | 15,2 | 18,9 | 25,3 | 44,7 | 52,4 | 79,8 | 94,5 |
Net income 1 | 15,0 | 9,56 | 11,5 | 17,1 | 34,5 | 40,3 | 61,4 | 72,8 |
Net margin | 11,0% | 6,27% | 6,80% | 7,73% | 13,4% | 11,7% | 14,4% | 15,9% |
EPS 2 | 0,13 | 0,09 | 0,10 | 0,15 | 0,31 | 0,29 | 0,45 | 0,58 |
Free Cash Flow 1 | 18,6 | 16,6 | 25,2 | 38,1 | 41,8 | 47,4 | 64,8 | 76,5 |
FCF margin | 13,6% | 10,9% | 14,9% | 17,2% | 16,2% | 13,8% | 15,2% | 16,7% |
FCF Conversion (EBITDA) | 65,0% | 44,7% | 54,9% | 61,9% | 56,8% | 48,1% | 52,0% | 60,2% |
FCF Conversion (Net income) | 124% | 174% | 219% | 223% | 121% | 118% | 106% | 105% |
Dividend per Share 2 | 0,04 | 0,05 | 0,06 | 0,07 | 0,09 | 0,10 | 0,11 | 0,12 |
Announcement Date | 10/08/19 | 10/06/20 | 10/19/21 | 10/11/22 | 10/10/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
Fiscal Period : July | 2021 S1 |
---|---|
Net sales 1 | 79,0 |
EBITDA | - |
EBIT 1 | 10,5 |
Operating Margin | 13,3% |
Earnings before Tax (EBT) | - |
Net income | - |
Net margin | - |
EPS | - |
Dividend per Share | - |
Announcement Date | 03/23/21 |
1GBP in Million
Estimates
Balance Sheet Analysis
Fiscal Period : July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|---|
Net Debt 1 | - | - | - | - | - | 142 | 86,6 | 17,3 |
Net Cash position 1 | 37,9 | 35,3 | 35,5 | 37,4 | 107 | - | - | - |
Leverage (Debt/EBITDA) | - | - | - | - | - | 1,44x | 0,69x | 0,14x |
Free Cash Flow 1 | 18,6 | 16,6 | 25,2 | 38,1 | 41,8 | 47,4 | 64,8 | 76,5 |
ROE (net income / shareholders' equity) | - | - | - | - | 27,6% | 25,1% | 28,0% | 26,9% |
Shareholders' equity 1 | - | - | - | - | 125 | 161 | 220 | 271 |
ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
Assets 1 | - | - | - | - | - | - | - | - |
Book Value Per Share 2 | 1,03 | 1,03 | 1,03 | 1,14 | 1,75 | 2,21 | 2,76 | 2,58 |
Cash Flow per Share 2 | 0,27 | 0,31 | 0,43 | 0,55 | 0,62 | 0,58 | 0,83 | 0,93 |
Capex 1 | 12,2 | 18,6 | 23,8 | 17,5 | 17,4 | 21,4 | 23,9 | 22,8 |
Capex / CA | 8,91% | 12,2% | 14,1% | 7,91% | 6,74% | 6,21% | 5,59% | 4,98% |
Announcement Date | 10/08/19 | 10/06/20 | 10/19/21 | 10/11/22 | 10/10/23 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating :
Investor Rating :
ESG Refinitiv :
B-
Sell
Buy

Mean consensus
BUY
Number of Analysts
6
Last Close Price
10.20GBP
Average target price
13.10GBP
Spread / Average Target
+28.43%
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. (M$) | |
---|---|---|
-1.32% | 1 477 M $ | |
-29.56% | 491 M $ | |
0.00% | 217 M $ | |
-28.08% | 187 M $ |
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